Comprehensive insurance is a type of insurance policy that provides broad protection for your vehicle in the event of damage or loss caused by a wide range of risks beyond just collisions. It is sometimes referred to as “other than collision” coverage.
In addition to covering damages resulting from theft, fire, natural disasters, and vandalism, comprehensive insurance may also cover damage to your vehicle caused by hitting an animal, a falling object, or a windshield damaged by a rock or debris. It can also provide coverage for damage caused by riots, civil unrest, or acts of terrorism.
Comprehensive insurance policies typically have a deductible, which is the amount you must pay out of pocket before the insurance kicks in. The higher the deductible you choose, the lower your premium will be.
It is important to note that comprehensive insurance does not cover damage or injuries that you cause to others, which is typically covered by liability insurance. Additionally, comprehensive insurance does not cover routine maintenance or wear and tear on your vehicle.
Comprehensive insurance is not always required by law, but may be required by lenders or leasing companies if you finance or lease a vehicle. It can provide peace of mind and financial protection against a wide range of risks that could result in costly repairs or replacement of your vehicle.